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20121227
20121227
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that the market is surging too quickly. others are waiting to see if the u.s. can avoid the so-called fiscal cliff before the year-end deadline. >>> and bond traders in tokyo are selling japanese government bonds or jgbs. they expect the new administration will issue more bonds to finance its stimulus measures. this sent jgb yields to a three-month high. the ten-year yield on the jgb topped 0.8% on thursday, the highest level since september 21st. yields rise when bond prices fall. analysts say more investors are shifting their financial assets from bonds to stocks so this will cause interest rates to inch up for a while. >>> u.s. treasury department officials have alerted congressional leaders about the debt ceiling. the government will reach this in about two months and the country could suffer a self-inflicted default. congress currently sets the borrowing limit at $16.4 trillion. the national debt rose because of a series of deficit-covering bonds were issued. the government and the republican party are at odds over the issue. the political stalemate in the summer of 2011 over raising the debt
. >> in afghanistan, a suicide bomber has killed at least three people at a u.s. military base. >> the man blew up a car packed with explosives. police say at least six others were injured. the taliban has claimed responsibility for the attack, which came just days after a shooting inside police headquarters. the egyptian president has signed into law a controversial new constitution after official confirmation should a clear majority for the document in a referendum. >> morsi is due to address parliament on saturday after appointing 90 members to the senate. >> critics say the new basic law is islamist and undemocratic. >> the opposition kept up its protest for weeks, but it was not enough. anchor fled on the streets of cairo after official results were announced. critics say the referendum was marred by fraud. am i in my opinion, the revolution continues, and the constitution does not exist. a constitution has to be for everyone, not split the people of egypt. >> everybody knows the results are wrong. i will continue protesting peacefully until our demands are met. >> egypt's election commission
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